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Community: Investing Wiki

Term Of The Hour

thrift savings plan: Original post by Shula Asher Silberstein of Demand Media The federal government offers employees a thrift savings plan (TSP) account. This type of retirement account allows employees to deposit pre-tax dollars; the employee isn't taxed on the funds until he removes them from the account. Normally, federal employees can't withdraw TSP funds before the age of 59 1/2 without paying tax penalties.…

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